Bellwether Advisors LLC Trims Stake in Lennar Co. (NYSE:LEN)

Bellwether Advisors LLC cut its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 363 shares of the construction company's stock after selling 12,247 shares during the period. Bellwether Advisors LLC's holdings in Lennar were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust purchased a new stake in Lennar in the fourth quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of Lennar during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Lennar in the 4th quarter worth approximately $28,000. Finally, ORG Wealth Partners LLC bought a new stake in Lennar during the 4th quarter worth approximately $32,000. 81.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research report on Monday, March 24th. UBS Group cut their price target on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research note on Monday, March 24th. The Goldman Sachs Group dropped their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Bank of America decreased their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Evercore ISI restated an "in-line" rating and issued a $131.00 price target (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Fifteen analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Trading Up 1.8 %

NYSE:LEN traded up $1.92 during midday trading on Friday, hitting $110.11. 1,803,489 shares of the company traded hands, compared to its average volume of 2,568,180. The firm has a market capitalization of $29.05 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.24 and a beta of 1.51. The firm's fifty day moving average is $113.42 and its 200-day moving average is $137.84. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.